Cathie Wood’s ARK Investment Management and crypto asset manager 21Shares amended their application for a spot bitcoin exchange traded fund to include a surveillance sharing agreement, which was similar to that in BlackRock’s filing earlier this month.
The Cboe BZX Exchange Exchange, where the ARK 21Shares Bitcoin ETF will be listed, expects to enter into a surveillance-sharing agreement with “an operator of a United States-based spot trading platform for Bitcoin,” according to an updated filing with the Securities and Exchange Commission on Wednesday.See: Cathie Wood’s ARK Invest is readying the first bitcoin ETF with 21Shares
Earlier this month, BlackRock BLK , the world’s largest asset manager, filed an application for a spot bitcoin ETF. Following that, Invesco IVZ , WisdomTree WT , Valkyrie, and Bitwise also applied to issue similar products. “A notable difference between Blackrock’s filing and prior filings is that Blackrock will utilize software sourced from Nasdaq for monitoring spot markets for wash sales, market manipulation, and other market integrity measures,” Alex Thorn, head of firmwide research at Galaxy Digital, wrote in a recent note.
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